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May 27 2012 11:21
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May 27 2012 11:49
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May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
Pretoria - Construction of a hotel in Cape Town with a view to the 2010 World Cup soccer tournament is in the balance after the premises lost its land-use rights.
Jeff Underwood, director of town planning company Planning Partners, says this is only one of a number of clients tearing their hair out after their land-use rights have lapsed.
Underwood did not name the hotel as he wished to protect his client.
Sake24.com reported earlier that properties in the Western Cape that had been granted land-use rights before 1986, and had not yet use them, had forfeited them.
The City of Cape Town and the Western Cape provincial government are urgently awaiting legal opinion to manage this situation.
The City of Cape Town has in the meantime put all applications relating to the properties in question on a back burner.
Underwood says there is a lack of clarity about the interpretation of the controversial Section 14(2) of the Land Use Ordinance (15 of 1985) implemented in 1986, which has caused the dilemma.
This ordinance provided for a transition period of 15 years before the rights would expire in terms of the earlier town planning schemes. This period has repeatedly been extended, but these extensions have expired without advance notification.
- Sake24.com
For more business news in Afrikaans, go to Sake24.com.